See the Impact,
Sail to Innovation
King Sejong and Jang Yeong-sil Prize
IMPACT START-UP THAT:
●CONTRIBUTES TO SOLVING ENVIRONMENTAL PROBLEMS OR
●RUNNING A BUSINESS RELATED TO DIGITAL TECHNOLOGY
Any business that contributes to solving environmental problems.
waste reduction, renewable energy, resources recycling/ circulation, environmental pollution measurement and response, fine dust/air purification, etc.
Farming crickets and innovating them into cricket protein for food and pet food address malnutrition and efficiency while contributing to the income growth of farmers and sustainable food production.
Contributes to the reduction of single-use plastic and the promotion of a greener environment by producing eco-friendly lifestyle products made from biodegradable materials.
NETSPA develops an eco-friendly resource circulation solution using fishing net wastes to solve the problem of marine ecosystem destruction.
LAR contributes to the sustainable fashion industry by manufacturing and selling shoes and fashion products using eco-friendly materials.
4EN upcycles and processes agricultural by-products collected from coffee, peanuts, and etc, and produces them into solid fuels, organic fertilizers, and bioplastics.
Any business that utilizes digital technology
mobile app utilization, online transaction/education/platform, 5G, VR/AR, digital healthcare, fintech, smart farm, etc.
Pioneers in building an omnichannel system of FnB brands and the largest network of dark stores, contributing to the decrease of plastic packaging and increased online sales of mom and pop stores.
Provides an online edu-tech platform that enables everyone to learn any skills they want, and contributes to providing chances of skill development for career advancement and equal educational opportunities.
bTaskee provides an on-demand home service platform that connects customers and cleaners and contributes to increasing the income of service providers.
Enuma contributes to mitigating gaps on access to education through game-based non-face-to-face learning solutions that enables children to learn without geographic and contextual constraints.
Vietnam-based Impact Start-up that engaged with ● green or ● digital Themes.
● Only teams that are registered as a Vietnamese corporation are eligible to apply.
● Teams that have applied in the previous ICAS competition are eligible to apply again. However, teams that have received prizes in the previous competition are restricted from participating.
•In order to be selected as an investee company, the company must be registered as a Singaporean corporation (immediately before investment).
Awards & Benefits
Details of Benefits will differ according to the selection stage.
• TOP1 : $40,000 (1team)
• TOP2 : $15,000 (1team)
• TOP3-10 : $3,000 (8teams)
• TOP11-20 : $1,000 (10teams)
• Among TOP 20, Final 1 team will be selected as an investee company
(*There may be no selection if there are no suitable candidates.)
• Maximum Investment 400K USD
• Maximum additional Prize 100K USD
• Online accelerating training content on business operation and social value creation
• Mentoring for developing business model
• Workshops and education on measuring and managing social value
• Self-disclosure website that team/company can self measure and report the social impact.
• Partnership and cooperation opportunities for ESG open innovation with large corporation in Korea
• Support technology transfer of Korean social ventures and joint venture business development with participants
• Possible opportunity for follow-up investment in cooperation with domestic and foreign impact investors
TOP20 and TOP10 will be selected from ROUND1.
TOP2 and TOP1 will be selected in ROUND2.
Selected among TOP20
• Investment 400KUSD(Max)
• Additional Prize 100KUSD(Max)
• Impact Reporting Service
May 29 - June 30
IR Pitching Competition
The schedule may be subject to change.
Impact Challenge At SEA is an impact start-up discovery and investment program operated in cooperation with Korea International Cooperation Agency, investment companies, accelerators, corporations, and non-profit organizations. By forming a cooperative network between various domestic/foreign institutions and large corporations, we will support various cooperation linkages and attract follow-up investment to start-ups participating in this program.
Impact Square is an impact start-up accelerator based on the vision that ‘great businesses are recognized when the social values are fully combined with business models.’
Discovers, nurtures, and develops impact businesses
Since 2014, Impact Square has provided accelerating services to 500 impact start-ups, and has invested in 60 impact start-ups. The main strategy of Impact Square is to bridge impact start-ups’ solutions and large corporations to ensure impact start-ups’ sustainable management focusing on their specific action plans. Also, Impact Square carries out professional measurement and evaluation of social values through ‘Impactology’, a company-affiliated research institute.
Nextrans is an investment attraction consulting firm that seeks to change the world and form a global network of entrepreneurs with passion and technology. It aims to maximize corporate capabilities by connecting the large corporations to startups around the world that need resources such as preparation for investment, network, and business connection.
Expertise in Investments in Vietnam
Since 2004, Nextrans has supported about 100 startups and has been investing in the Vietnamese market since 2015. Recently, Nextrans has created and invested in a fund worth $8million in Vietnam and has invested in about 36 Vietnamese companies so far.
MerryYear International(MYI) is an Non-Governmental Organization specialized in social economy, agriculture and microcredit sectors.
Working in the Mekong Delta area
Since 2011, MYI has been working in Mekong Delta area to support vulnerable people, small shop owners and government officers.
Based on the endeavor, MYI could aggregate over $500,000 funds with local people.
About Youth Co:Lab
Co-created in 2017 by the United Nations Development Programme (UNDP) and the Citi Foundation, Youth Co:Lab aims to establish a common agenda for countries in the Asia-Pacific region to empower and invest in youth so that they can accelerate the implementation of the Sustainable Development Goals (SDGs) through leadership, social innovation and entrepreneurship.
Read more about Youth Co:Lab here.
(CEO/Founder, IMPACT SQUARE)
(Co-Founder & Managing Partner, The Sylvan Group)
(Director, FTU Innovation and Incubation Space)
Truong Thi Nam Thang
(Director, NEU Center for Social Innovation and Entrepreneurship)
(Partner, THE VENTURES)